Market

These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market

Another difficult week for U.S. stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 SPX, -1.72% fell 1.7% on Friday for a one-week decline of 4.6%, as investors continued to fret about the Federal Reserve’s interest-rate increases to temper inflation. Among components …

These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market Read More »

Live stock market news: Investors dump U.S. stocks, oil falls below $80 level hitting energy stocks

Trump-linked SPAC merger loses support from PIPE investorsInvestors are pulling out of the deal by Digital World Acquisition to combine with Trump Media & Technology Group, a regulatory filing said.The moves come ahead of an October 10 special meeting of stockholders to approve the deal. The special purpose acquisition company (SPAC) said it received termination …

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Jerome Powell just warned that the US housing market needs a ‘difficult correction’ so that folks can afford homes again ⁠— but here’s why it’ll look nothing like 2008

Jerome Powell just warned that the US housing market needs a ‘difficult correction’ so that folks can afford homes again ⁠— but here’s why it’ll look nothing like 2008Real estate investors have largely done well for the past few years. But with higher interest rates, things could be about to change.The U.S. Federal Reserve raised …

Jerome Powell just warned that the US housing market needs a ‘difficult correction’ so that folks can afford homes again ⁠— but here’s why it’ll look nothing like 2008 Read More »

‘The housing market may have to go through a correction’: Mortgage rates hit 6.29%, Freddie Mac says

The numbers: U.S. mortgage rates continue to climb, adding hundreds of dollars in costs to potential homeowners. The increase in mortgage rates followed the Federal Reserve hiking interest rates again to address the worst inflation the economy has faced in 40 years.  The 30-year fixed-rate mortgage averaged 6.29% as of September 15, according to data …

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Dow Jones Futures: Stock Market Sells Off As Hawkish Fed Sees New Terminal Rate

Dow Jones futures fell modestly overnight, along with S&P 500 futures and Nasdaq futures. The stock market whipsawed sharply lower Wednesday after the Federal Reserve hiked aggressively once again and signaled a higher peak, or “terminal” rate. X This is a stock market correction. Investors should remain cautious, but looking for leading names. Celsius Holdings …

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Dollar soars to two-decade high as Putin shakes FX market ahead of Fed

Register now for FREE unlimited access to Reuters.comRegisterDollar index at two-decade highEuro slides back toward two-decade lowsPutin announces partial troop mobilization for UkraineMarkets gauging Fed hawkishness in Powell briefingLONDON/NEW YORK, Sept 21 (Reuters) – The dollar surged to a new two-decade high on Wednesday just ahead of another expected aggressive Federal Reserve interest rate hike, …

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